Chinese autos will be imported to S. Korea in 2010

Published: 03 Nov 2009 18:12:14 PST

Shanghai, November 3 (Gasgoo.com) Chinese vehicles will be imported to South Korea next year for the first time, the JoongAng Daily reported today. Trucks and vans will be imported before passenger cars.

Dongfeng Motor Group, the third largest automaker in China, signed a contract with Dongfeng Motor Korea (DFMK) to import the vehicles. DFMK will sell four models in the S. Korean market: a one-ton truck, a commercial minivan and a six- and nine-passenger van from April 2010.

"The vehicles are 30% cheaper than Korean vehicles and will therefore be competitive with private entrepreneurs," said a DFMK executive, adding that these models, exported to Europe and Singapore two years ago, have no problem getting technical certification from the Korean government.

Full Story